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Big Tech shares rose for a second day, with Tesla and Amazon led the so -called “great seven” parts higher than The Trump government pointed out a deescalation of the US China trade war.
Tesla (TSLA) Up to 7%jumped in early Wednesday before he gained profits while Amazon (Amzn) and meta (META) increased by 7% or 6%.
Nvidia (Nvda) increased by more than 5%, while apple (AAPL) jumped by 3.5%. Google (Google) and Microsoft (Msft) 3%increased.
The profits come after President Trump alleviated his tone over China and referred to a potential postponement of unprecedented “mutual” tariffs for imports from the country.
He said the current rate was “too high” and “will essentially come down” During a press conference of the White House on Tuesday. Trump said he planned to be “very nice” in China to achieve a deal in trade talks. Finance Minister Scott Bessent did not name the US China trade war separately separately During a private event in DC Tuesday.
A potential appearance of Trump’s aggressive, unprecedented approach to trade policy would be good for technology companies, in view of the importance of China in her supply chain.
About 90% of Apple iPhones are manufactured in ChinaDan Ives von Wedbus said in an earlier analysis. China accounted for 1724 of Apple’s turnover.
In the investor’s note at the beginning of this month, IVES also found that Tesla will make a “considerable amount” of parts and batteries from countries, including China, and the higher trade war with China to help the EV company overcome the competition from HomeGrown BYD in one of the most important markets. The EV company Income report in the first quarter on Tuesday missed the expectations of Wall Street.
In the meantime, 30% of the total value of the goods sold at Amazon came from China, and Chinese advertisers made 14% of the total editions for Amazon advertising in 2024, according to Raymond James, according to the Raymond James recently downgraded the stock. Chinese advertisers make 11% and 6% of the total advertising expenses for META or Google.
In the meantime, the analyst from Da Davidson, Gil Luria, estimates that China and Chinese companies represent between 20% and 40% of NVIDIA end customers, although he found in an e -mail to Yahoo Finance that it is difficult to say because of their reporting (sales).
Trump rocked the global markets by announcing steep “mutual” tariffs for important US trading partners at the beginning of this month and issued a tariff of 10% to all global imports on April 5. Lasted for 90 daysWith the exception of A 145% mandatory for Chinese imports.
